With the furlough scheme winding down and local lockdowns on the increase to try and curb the rising tide of coronavirus, it was almost inevitable the Chancellor would have to step in again. The initial reaction from Chancellor was to cancel the Autumn budget....
Exactly in a month’s time Chancellor of the Exchequer will present his first Budget to the Parliament. Below are my top 10 predictions for Budget 2020. Off-payroll/IR35 Implementation for the private sector – more likely to go ahead (I sincerely hope I am wrong...
We are two months into New financial year and best you finalise the Tax affairs of the previous Financial year soon. If your self-assessment is not submitted and tax is not paid on time, you will receive automatic £100 penalty from HMRC. Act now to ensure your Self...
This is a quick update about the ‘HMRC Payment on Account’ on your Self Assesment return. Please ignore this email, if you started your company on or after 6th April 2018; or if your Personal Self Assesment tax bill for Financial Year 2017/18 is less than...
Financial year for 2019/20 began on 6th April 2019. Here is a quick refresher of changes you need to be aware of. Personal Allowance Personal allowance (the annual amount you can earn before paying tax) for this financial year – rises from £11,850 to £12,500. If...
